Administrator, Sipp Governance, Risk & Reporting

With over 1600 people across 9 UK offices, we are proud to be a leading independent UK consultancy at the forefront of risk, pensions, investment and insurance. The SIPP Practice Area provides administration and trusteeship services to self-invested personal pension arrangements.  
We have a great opportunity for a finance professional with client money experience. The purpose of this role is to work effectively within a small team, be responsible that all bank reconciliations are completed in line with our internal processes and FCA guidelines and to ensure regulatory reports are filed in accordance with deadlines set by HMRC and FCA. This role can be based in our Glasgow or Cheltenham office. (hybrid working)
Responsibilities:

• Complete the internal and external client money bank account reconciliations for all accounts in line with FCA Guidelines and internal processes.
• Investigate, resolve, and record problems/queries/anomalies relating to the client money bank account reconciliations and monitor on an ongoing basis and within agreed time frames.
• Complete individual/joint bank account reconciliations in line with FCA Guidelines and internal processes.
• Investigate, resolve, and record problems/queries/anomalies relating to the individual/joint bank account reconciliations and monitor on an ongoing basis and within agreed timeframes.
• Complete the monthly Client Money Asset Return.
• Complete the monthly distribution of interest process.
• Manage the funding process where needed and reconciliation of payments back to Barnett Waddingham.
• Promptly record breaches and ensure they are escalated to team leader in the first instance.
• Complete  internal quality audits and provide feedback to the business on an agreed list of processes each year  to enable the operations team to improve processing and client care 
• Complete the Monthly Capital Adequacy Calculations and issuing reports to SIP Board 
• Complete and submit the required regular regulatory reports as agreed from time to time with the Head of SIPP Governance, Risk and Reporting by the required deadline set by either HMRC or FCA   

Experience/Qualifications: 

• GCSE Maths/English at Grade C/5 or National 5 Maths/English at Grade C or Equivalent
• Experience in Pensions and/or Finance is essential.
• Knowledge and a good understanding of bank reconciliation processes and/or Client Money rules set out by the FCA is essential.
• Knowledge of SIPPs is desirable.
• Experience working with stakeholders or in an administrative capacity is essential.
• Experience working in a dedicated team is essential.
• Strong communication and interpersonal skills are essential.

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Benefits Summary

• Competitive discretionary annual bonus
• Core benefits paid for by BW including life assurance, group income protection, private medical cover and 25 days holiday per year with holiday trading
• A generous pension scheme where we contribute 8% of your salary from day one of your employment
• Employee Assistance Programme to support you and your family through any concerns or challenges you may experience
• A comprehensive range of voluntary benefits to suit your life stage and lifestyle including a tech scheme, cycle to work scheme, dental cover, healthcare cash plan, health assessments, critical illness cover, extension of private medical cover or life assurance to family members, gym membership, travel insurance and a broad range of discounts at hundreds of retailers including supermarkets, fitness centres, travel and leisure companies

Accessibility
If you have a disability, learning difficulty, medical condition, or individual need, which you believe may affect your performance during our selection process, we’ll be happy to make adjustments to our processes to enable you a fair opportunity to showcase your skills.
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Postal applications should be sent to: Resourcing & Talent Acquisition, Barnett Waddingham, St James's House, St James Square, Cheltenham, Gloucestershire, GL50 3PR
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